News and Disclosures

Management at Qalaa Holdings (formerly Citadel Capital) and senior staff from five of the company’s subsidiaries gathered at the Green Investment Opportunities Conference held on 15-17 June to discuss how industry can work not just to mitigate its impact on the environment, but to reduce emissions going forward

Senior staff from Qalaa Holdings (CCAP.CA on the Egyptian Exchange; formerly known as Citadel Capital), and its subsidiaries joined other private sector leaders for the inaugural Green Investment Opportunities Conference, a national gathering on the environment and the economy. The conference is taking place in El-Gouna, on Egypt’s pristine Red Sea coast, under the auspices of the Ministry of State for the Environment.

Qalaa Holdings, an African leader in infrastructure and investment with subsidiaries in energy, cement, agrifoods, transportation and mining, is a proud sponsor of the event.

The conference is establishing a framework by which ideas on sustainable and green development can be realized. Participants discussed scientific methods of implementing a green economy and explored the practical strides taken by the private sector (and Qalaa Holdings specifically) to combat climate change through green construction, sustainable transport, renewable energy, waste recycling, and alternative fuels. The conference investigated how endeavors in these fields will help grow the economy, develop the community, and protect the environment by drawing from the pool of experience available across Egypt and the Arab world.

“Economic growth, job creation and a healthier environment are by no means mutually exclusive,” said Ahmed El-Sharkawy, a Managing Director at Qalaa Holdings. “This means that Qalaa Holdings not only designs industrial and infrastructure projects to have as little impact on the environment as possible, but also actively looks for opportunities to create profit-making ventures that are pro-environment.<br /